Acadian Asset Management LLC increased its stake in shares of PCSB Financial Corp (NASDAQ:PCSB) by 173.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 83,349 shares of the company’s stock after purchasing an additional 52,858 shares during the quarter. Acadian Asset Management LLC owned approximately 0.46% of PCSB Financial worth $1,588,000 as of its most recent filing with the SEC.
Several other hedge funds also recently bought and sold shares of PCSB. Vanguard Group Inc. acquired a new stake in shares of PCSB Financial during the second quarter worth approximately $10,422,000. State Street Corp acquired a new stake in PCSB Financial in the second quarter valued at approximately $4,152,000. Northern Trust Corp acquired a new stake in PCSB Financial in the second quarter valued at approximately $3,084,000. Brandywine Global Investment Management LLC acquired a new stake in PCSB Financial in the second quarter valued at approximately $3,080,000. Finally, Punch & Associates Investment Management Inc. acquired a new stake in PCSB Financial in the second quarter valued at approximately $1,737,000. Institutional investors and hedge funds own 40.98% of the company’s stock.
PCSB Financial Corp (PCSB) traded down $0.32 during midday trading on Wednesday, reaching $19.55. 22,300 shares of the company’s stock were exchanged, compared to its average volume of 41,426. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.11. PCSB Financial Corp has a 1 year low of $15.76 and a 1 year high of $20.47.
PCSB Financial (NASDAQ:PCSB) last posted its earnings results on Thursday, January 25th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.01. The firm had revenue of $10.88 million during the quarter. PCSB Financial had a net margin of 3.98% and a return on equity of 2.87%.
In other PCSB Financial news, SVP Clifford S. Weber bought 11,650 shares of PCSB Financial stock in a transaction on Friday, December 1st. The stock was purchased at an average cost of $19.83 per share, for a total transaction of $231,019.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.60% of the stock is owned by insiders.
Separately, BidaskClub cut shares of PCSB Financial from a “hold” rating to a “sell” rating in a research note on Thursday, January 4th.
TRADEMARK VIOLATION WARNING: This piece was originally posted by The Lincolnian Online and is owned by of The Lincolnian Online. If you are accessing this piece on another domain, it was copied illegally and reposted in violation of United States & international copyright laws. The correct version of this piece can be read at https://www.thelincolnianonline.com/2018/02/21/pcsb-financial-corp-pcsb-shares-bought-by-acadian-asset-management-llc-updated-updated-updated.html.
PCSB Financial Company Profile
PCSB Financial Corporation will be the holding company of PCSB Bank (the Bank). The Bank is a mutual savings bank. The Bank attracts deposits from the general public and utilizes those funds primarily to originate and purchase residential real estate, commercial real estate and business loans, and to purchase investment securities.
Receive News & Ratings for PCSB Financial Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for PCSB Financial and related companies with MarketBeat.com’s FREE daily email newsletter.